Mat Ishbia 4
4 · UWM Holdings Corp · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
UWM (UWMC) CEO Mat Ishbia Sells 2,001,148 Shares
What Happened Mat Ishbia, CEO and a reported 10% owner of UWM Holdings Corp (UWMC), sold a total of 2,001,148 shares in open‑market transactions on March 24–25, 2026. The filing shows 1,000,574 shares sold at an average price of $3.63 on 3/24 (≈ $3,632,084) and 1,000,574 shares sold at $3.55 on 3/25 (≈ $3,552,038), for combined proceeds of about $7.18 million. The sales were executed (at least in part) pursuant to a 10b5‑1 plan established by SFS Corp; some shares were held directly by Mat Ishbia and others were held by SFS Corp, an entity he controls.
Key Details
- Transaction dates & amounts: 3/24/2026 — 1,000,574 shares @ $3.63 (≈ $3,632,084); 3/25/2026 — 1,000,574 shares @ $3.55 (≈ $3,552,038). Total sold: 2,001,148 shares for ≈ $7.18M.
- Price ranges / averages: filing notes weighted‑average prices; ranges reported between $3.48–$3.73 per share (see footnotes for breakdown).
- Holdings after the sale: not specified in the provided excerpt; filing notes some shares are held directly by Mat Ishbia and others by SFS Corp (which he controls).
- Notable footnotes: sales were made pursuant to a 10b5‑1 plan adopted by SFS Corp (Sep 16, 2025). Footnotes also explain the indirect holdings via SFS Corp and provide price‑range details.
- Filing timeliness: Form 4 filed on 2026‑03‑25; based on dates provided, the filing appears timely.
Context These were outright sales, not purchases or option exercises. Because some shares were sold under a pre‑arranged 10b5‑1 plan and others were held/controlled via SFS Corp (a 10% holder he controls), the transactions may reflect pre‑planned disposition of holdings rather than an immediate trading signal about company prospects. As always, sales by insiders are factual events; they do not by themselves indicate the insider’s private view of the company’s future.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-24$3.63/sh−1,000,574$3,632,084→ 6,332,153 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-03-25$3.55/sh−1,000,574$3,552,038→ 5,331,579 total(indirect: See Footnote)
- 408,131
Class A Common Stock
[F5]
Footnotes (5)
- [F1]Sold pursuant to the 10b5-1 Plan adopted by SFS Corp on September 16, 2025.
- [F2]Represents the weighted average price of shares sold. The price of the shares sold ranged from $3.58 to $3.73 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
- [F3]These securities are held directly by SFS Corp, a 10% holder of the Issuer, and indirectly by Mat Ishbia. Mat Ishbia is the Chief Executive Officer and sole director of SFS Corp and serves as the investment advisor to the trust that owns the voting securities of SFS Corp, and therefore exercises all voting and dispositive power of the securities held by SFS Corp. In addition, trusts for the benefit of Mat Ishbia and his immediate family are shareholders of SFS Corp. By virtue of its relationship with Mat Ishbia, a director and the CEO of the Issuer, SFS Corp may be deemed to be a director by deputization.
- [F4]Represents the weighted average price of shares sold. The price of the shares sold ranged from $3.48 to $3.72 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each price.
- [F5]These shares are held directly by Mat Ishbia and SFS Corp. has no interests in these shares.